2023 NGN to NIO Historical Review

YEARLY HIGH

0.0816 NIO

YEARLY LOW

0.0408 NIO

YEARLY AVERAGE

0.0618 NIO

2023 NGN to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.0816. Conversely, the yearly low was recorded on December 30, dropping to 0.0408.

This high-to-low spread represents a total annual volatility of 0.0408 NIO. From a start-to-finish perspective, comparing the January average rate of 0.0802 to the December average rate of 0.0454, the exchange rate registered a net change of -43.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0816 was down 9.12% compared to the 2022 peak of 0.0898, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 81,601 NIO

2022 Average 84,712 NIO

Yearly Trough Low 40,822 NIO

Transaction Impact: A difference of 40,779.70 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0837

0.0419

JanuMarcMayJulySeptNove

NGN to NIO Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0770, compared to 0.0466 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0303 points.

H1 Avg (Jan–Jun) 0.0770

H2 Avg (Jul–Dec) 0.0466

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0351 NIO (High: 0.0795 / Low: 0.0444). On the other end, March was the most stable month, with a tight range of 0.0002 NIO (High: 0.0795 / Low: 0.0793).

June Spread (Volatile) ±0.0351

March Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0174 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0174

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0802) against the same month in 2022 (average: 0.0856), the exchange rate shifted by -0.0054 (-6.29%).

2023 Avg (January) 0.0802

2022 Avg (January) 0.0856

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0816	0.0791	0.0802
February	0.0796	0.0790	0.0793
March	0.0795	0.0793	0.0794
April	0.0795	0.0785	0.0792
May	0.0795	0.0789	0.0792
June	0.0795	0.0444	0.0644
July	0.0481	0.0461	0.0470
August	0.0487	0.0470	0.0477
September	0.0491	0.0463	0.0473
October	0.0481	0.0414	0.0468
November	0.0470	0.0442	0.0457
December	0.0481	0.0408	0.0454